Jack Lew

A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies seeking to avoid domestic tax obligations. Italy's GTECH plans to buy Las Vegas-based International Game Technology in a $4.7 billion deal announced Wednesday and set to close early in 2015. The newly merged company will be headquartered, for tax residency purposes, in the United Kingdom, a corporate reorganization that will lower the new company's corporate tax obligation. That strategy, known as "inversion," has...

Related "Jack Lew" Articles

A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies seeking to...

Pennsylvania's two U.S. senators sit on the powerful tax-writing Senate Finance Committee, which will begin its investigation of the Internal Revenue Service's targeting of conservative groups at a hearing on Tuesday.
Republicans and Democrats are united...

Treasury Secretary Jacob Lew told Congress on Wednesday that he will extend for another three months the authority he is using to take emergency measures to keep from breaching the nation's borrowing limit. In a letter to congressional leaders, Lew said...

Congress is poised to avert a looming shutdown of federal highway accounts with passage of a temporary measure that will keep operations funded for the next three months, but the move creates a possible new crisis point for the fall.
The House approved a...

Defense Secretary Ash Carter said Wednesday that the U.S. armed forces stand ready to confront Iran, but told lawmakers that a successful implementation of the nuclear agreement with Tehran is preferable to a military strike.Carter, Gen. Martin Dempsey,...

Countering Republican criticism, Secretary of State John Kerry declared Thursday it is "fantasy plain and simple" to claim that President Barack Obama failed to insist on enough restraints on Iran's nuclear program before agreeing to lift...

The latest in a hearing the Senate Foreign Relations Committee is conducting on the agreement the United States and five other world powers struck this month with Iran to rein in its nuclear weapons program in exchange for relief from economic sanctions...

Countering Republican criticism, Secretary of State John Kerry said Thursday it is "fantasy plain and simple" to claim that President Barack Obama failed to insist on enough restraints on Iran's nuclear program before agreeing to lift economic...

The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign. The trustees who oversee Social...

The 11 million Americans who receive Social Security disability face steep benefit cuts next year, the government said Wednesday, handing lawmakers a fiscal and political crisis in the middle of a presidential campaign. The trustees who oversee Social...

Backed by Israel, Republicans on Wednesday forcefully challenged President Barack Obama's nuclear deal with Iran as the White House dispatched a Cabinet-level lobbying team to build support for the agreement to ease sanctions in exchange for concessions...

The latest on Greece's financial crisis (all times local): 1 a.m. ___ The International Monetary Fund says Greece will need debt relief and 85 billion euros ($94 billion) in new financing through 2018 because its situation has deteriorated since it closed...

Greece's left-wing government launched a frantic 24-hour effort late Tuesday to push more austerity measures through Parliament and meet demands from European creditors as it faced down mounting anger at home.
The belt-tightening measures, which...

The U.S. government ran a budget surplus in June, leaving the budget deficit so far this year running under last year's level. The Treasury Department says the surplus in June totaled $51.8 billion, compared with a surplus of $70.5 billion a year ago....

The Treasury Department and other government agencies said Monday they are unable to pinpoint a single reason for a period of extreme volatility that hit the Treasury securities market on Oct. 15 last year. Treasury, the Federal Reserve and the other...

The latest from Greece's financial crisis (all times local): ___ 5:30 a.m. A Greek official says Prime Minister Alexis Tsipras has two issues to settle with European creditors before he's in a position to reach an agreement that would help shore up his...

Doug Hamilton is just fine with plans to put a woman's portrait on U.S. paper money, but he'd prefer that the Treasury Department leave the $10 bill alone — particularly the prominent visage of his great-great-great-great-great-grandfather, Alexander...